2021 Q3 Financial Summary

TOUCHMARK BANCSHARES, INC.

AND SUBSIDIARY

Consolidated Balance Sheets

September 30, 2021 and December 31, 2020

(Unaudited)

ASSETS		2021			2020
Cash and due from banks	$	705,652	$	1,198,652
Federal funds sold		5,175,000			5,125,000
Interest-bearing deposits with other banks		83,187,222			34,254,852
Investment securities		14,525,239			17,552,604
Restricted stock		1,498,350			2,033,450
Loans, net		313,832,291			360,510,234
Premises and equipment, net		1,314,622			1,369,968
Other assets		4,930,793			5,662,491
Total assets	$	425,169,169		$	427,707,251
LIABILITIES AND SHAREHOLDERS' EQUITY
Liabilities:
Deposits:
Non-interest bearing demand	$	28,735,311	$	26,029,731
Interest bearing		330,842,737			331,919,828
Total deposits		359,578,048			357,949,559
Federal Home Loan Bank advances		-			9,000,000
Other liabilities		2,267,329			3,443,702
Total liabilities		361,845,377			370,393,261
Shareholders' Equity:
Preferred stock, no par value, 10,000,000 shares
authorized, none issued		-			-
Common stock, $.01 par value, 4,475,891 shares issued		44,759			44,759
Additional paid-in capital		46,880,651			46,880,651
Retained earnings		16,210,050			10,089,885
Accumulated other comprehensive income		188,332			298,695
Total shareholders' equity		63,323,792			57,313,990
Total liabilities and shareholders' equity	$	425,169,169	$	427,707,251

TOUCHMARK BANCSHARES, INC.

AND SUBSIDIARY

Condensed Consolidated Statements of Income

For the Nine Months Ended September 30, 2021 and 2020

(Unaudited)

			2021			2020
Net interest income	$	10,509,294	$	8,699,291
Provision for loan losses		250,000			1,450,500
Net interest income after provision for loan losses			10,259,294			7,248,791
Total noninterest income		3,267,635			2,493,643
Total noninterest expense			5,502,765			6,780,376
Net income before taxes		8,024,164			2,962,058
Income tax expense		1,904,000			679,000
Net income		$	6,120,164		$	2,283,058
Key Ratios
Basic Earnings Per Share	$	1.37	$	0.51
Book Value Per Share		14.15			12.62
Return on Average Assets		1.91%			0.71%
Return on Average Equity		13.53%			5.52%
Efficiency Ratio		39.94%			60.58%